In episode 183 we welcome our guest, Ben Inker. Ben and Meb start the conversation with a chat about Ben’s thoughts on markets which include the overriding theme that non-us markets are currently presenting opportunity for investors.
Next, Meb asks Ben to get into his thoughts on current valuations and Ben walks through some ideas on high valuations for US stocks and reduced forward looking returns. On the subject of valuations, the pair then discusses interest rates and monetary policy. Ben follows that with an interesting paper he wrote that explored how high profitability has skewed toward large capitalization companies.
Ben expands on his thinking about valuations and markets outside the US, the past decade being the worst for value stocks, and being excited about opportunities like emerging market value stocks. He goes further in his discussion by getting into a concept he credits Robert Shiller with, clairvoyant fair value of a stock market, and shares that two pieces of information are critical, the starting valuation of the markets, and the return on capital.
As the conversation winds down, Ben and Meb discuss GMO’s benchmark free allocation strategy, and investing with the goal of making absolute money and worrying about absolute risk.
All this and more in episode 183, including Ben’s thoughts on hedging currency risk and his most memorable investment.
Eric Balchunas, Bloomberg – Bogle is One of the Investing GOATs | #428
Mark Yusko – "With Every Investment We Become Richer or Wiser, Never Both" | #427
The Best of 1H22 – Zeihan, Grantham, Zelman, Bloomstran, Ilmanen, Arnold, Baker, Grice, Valiante & Ariely | #426
Dan Ariely, Irrational Capital – Investing in Human Capital | #425
Robin Goldstein & Daniel Sumner – The Economics of Weed | #424
Mebisode – Shareholder Yield: Does it Work Within Sectors and Industries? | #423
Best Idea Show – Doron Junger, Sanvia Capital – US Biotech | #422
Jeff Weniger, WisdomTree – Market Update: Inflation, FAANG 2.0 & Signs of A Bear Market Low | #421
Dan Cooper, ROC Investments – ROC: Return on Character | #420
Peter Zeihan – Deglobalization, Depopulation, & What It Means Going Forward | #419
Mebisode – Red Light | #418
Andrew Peck, Baron Capital – A Growth Manager’s Take on The Market | #417
Jan van Eck, VanEck – Thematic Investing, Gold & Digital Assets, and Financial History | #416
Sajid Rahman, MyAsiaVC – The VC Landscape in Emerging Markets From Someone Who’s Made Over 1,400 Investments | #415
Tim Laehy – All About Coinbase (COIN) With The Company's Former CFO | #414
Antti Ilmanen, AQR – Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least | #413
Radio Show – Meb's Got News!...YTD Stock & Bond Performance...$7 Gas in SoCal | #412
Kai Wu, Sparkline Capital – Investing in Innovation, Intangible Value, & Web3 | #411
Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410
Meb’s Corner – Ben Rollert, Composer – Democratizing Access To Quantitative Investment Strategies | #409
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast